02 May Berlin’s startup scene helps it edge Frankfurt

Berlin in the news…

Despite all the news about Frankfurt’s commercial real estate boom in the wake of Brexit, investors spent more on commercial properties in Berlin than anywhere else in Germany.

The amount of money invested in Berlin offices and other commercial properties climbed 46 per cent to almost 8 billion euros last year, according to data compiled by BNP Paribas Real Estate. That beat the 12 per cent increase in Frankfurt to 7.5 billion euros even as the city prepares for the arrival of thousands of London-based bankers because of the UK's exit from the European Union.